METINVSET SELLS 38% OF PRODUCTS IN EUROPE IN H1 2017, 21% IN UKRAINE, 11% IN CIS

Business news from the Ukrainian League of Industrialists and Entrepreneurs

METINVSET SELLS 38% OF PRODUCTS IN EUROPE IN H1 2017, 21% IN UKRAINE, 11% IN CIS

11 Oct , 2017  

KYIV. Oct 11 (Interfax-Ukraine) – Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metal group, sold 38% of its products on the European market in value terms with Ukraine accounting for 21%, the Middle East and Northern Africa – 20% and the CIS – 11%.
According to an unaudited consolidated financial report, revenue from sales was $1.213 billion in Europe, up 27% and $669 on the Ukrainian market. In the Middle East and Northern Africa revenue was $628 million, 20% of total sales; in South-East Asia – $74 million (2%); in North America – $205 million (6%) and in the CIS – $348 million (11%).
Cost of sales rose 34% year-on-year to $3.006 billion.